CAETANO KENYA

Driving the Future

Crater Complex| Mombasa Road| 3382-00506 NAIROBI, KENYA
www.hyundai.ke

For Immediate Release

Caetano Launches First New Commercialised Electric Vehicle - Hyundai KONA Electric in Kenya

28th September 2021 Nairobi Kenya: Caetano Kenya, the official Hyundai car dealer in the country,
has today announced the arrival of the first new electric vehicle to be commercialised in Kenya - Hyundai
KONA Electric. This new addition to their EV range runs over 400KM on full charge is set to meet the
ever-growing need for petrol and diesel alternatives.

This announcement is timely following the recent hike in fuel prices after the Energy and Petroleum
Regulatory Authority (EPRA) scrapped fuel subsidies. This resulted in an increase in the price of petrol
by 6% costing 134.72 ($1.23) shillings per litre. Fuel prices in Kenya could further rise if an adjustment
on excise duty rate on petroleum products by Kenya Revenue Authority is effected.

"This launch goes along with the Kenyan government plans to have at least 5% of all registered vehicles
being electric by 2025 in a bid to curb environmental pollution from petroleum fuels," said, Jorge Costa,
Group COO at Salvador Caetano Africa.

"As a company, we are excited to be at the forefront of driving the change of green mobility. We all have
a role to play in taking care of our future and our children's future and EV is just a beginning, "he added.

The new KONA Electric is a car of no compromises. It embodies the two fastest-growing automotive
trends – electrification and SUV style carrying the same expressive design and go-anywhere attitude of
the regular KONA. The fully electric version reflects the individual lifestyle of modern customers who
benefit from great fun-to-drive and the low environmental impact of a fully electric car.

"The future of transportation is electric as more people across the globe are opting for electric vehicles,"
said Rob de Jong, Head of Air Quality and Mobility Unit at The United Nations Environment Programme
(UNEP) during the unveiling of the Hyundai KONA EV.
"I am excited to see Kenya join the EV revolution and set the ball rolling for Africa’s shift to
zero-emission mobility. For the last 5 years, I have comfortably driven an electric car in the country," he
added.

According to Allied Market Research, The Global electric market is expected to reach $802B by 2027
registering a CAGR of 22.6%. Electric cars reduce air pollution considerably. In over a year, just one
electric car on the road can save an average of 1.5 million grams of Carbon dioxide (CO2). Put simply,
electric cars give us cleaner streets making our towns and cities a better place to be for pedestrians and
cyclists.

The demand for electric cars is projected to grow as the vehicles become more affordable and charging
stations become widely available. Already, Kenya Power announced plans to build a nationwide network
of public charging stations on highways, parking lots and malls, which will help in eradicating one of the
biggest hurdles in electric car adoption in the country. The maintenance of an electric car is also
considered to be 80% cheaper to service than a regular internal combustion engine car.

The new KONA Electric has undergone bold exterior design updates, making it even more outstanding.
The front with the new-look closed grille features a pure and clean design. This modern look is further
enhanced by the new LED Daytime Running Lights, which emphasize the car’s wide stance. The front is
complemented by an asymmetric charging port, a feature unique to the KONA Electric which makes a
strong statement about driving electric. This car embodies a powerful road presence and driving fun that
is true to the Hyundai brand. Plus, the KONA EV offers a 5 year/100,000 Km warranty and an 8
year/160,000 Km warranty on the battery making EV a very cost-effective solution

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Caetano Kenya

Caetano Kenya is the official representative of the Hyundai brand in Kenya. Caetano is owned by
Salvador Caetano, a Portuguese company that has over 70 years of history dedicated to industry and the
automotive sector and has a presence in more than 100 companies spread across Europe and Africa. The
company mandate is to ensure the satisfaction of all its customers and partners. More details about
Caetano Kenya can be accessed on their website https://hyundai.ke/

About KONA EV

The new KONA Electric offers a zero-emissions battery electric power train, with no compromises on
performance. The long-range 64 kWh battery (electricity consumption combined: 14.7 kWh/100 km;
CO2 emissions combined: 0 g/km according to WLTP) features an electric motor that delivers maximum
power of 204 PS (150 kW), accelerating the KONA Electric to 100 km/h in 7.9 seconds. In January 2020,
the KONA Electric made it into the GUINNESS WORLD RECORDS™ under the category “Highest
Altitude Achieved in an Electric Car”, after being driven to an altitude of 5,731 metres to Sawula Pass in
Tibet.

For interviews and inquiries, contact:

Michael DeSouza | +254 110 016 959 | michael.desouza@caetano.co.ke.